“Post verdict, RIL is now stable, whereas RNRL and other stocks, which are part of Reliance-ADAG, are weak,” observed an analyst.
“RIL has now got clarity that it needs not supply at lower rates to RNRL. With this stocks could get rerated better,” another added.
Some analysts, however, said that the market has already reacted towards the SC verdict on the RIL-RNRL dispute and in coming sessions overall sentiment will be the deciding factor for these scrips rather than the court ruling.
Post ruling, while entire ADAG pack came under pressure and RNRL tanked nearly 27 per cent, RIL, carrying maximum weight in pack of bluechip stocks on BSE & NSE, climbed about 5 per cent in intra-day trade.
Published 09 May 2010, 15:39 IST